Art Laffer: Can The Economy Be Saved?

Yes, and more quickly than most expect, says history

If we care about the future of the economy, then we have to pay close attention to the policies that shape it.

We are currently living in an age of extreme -- and in certain cases, unprecedented -- levels of monetary and fiscal policy.

Is that wise?

Or should market forces be allowed to play out more & free us from the constant intervention of the central planners?

To explore this, we welcome economist Dr Arthur Laffer. Dr Laffer was the first to hold the title of Chief Economist at the Office of Management and Budget in the early 1970s. He then later served as a member of President Reagan's Economic Policy Advisory Board.

He's perhaps best known for developing the Laffer curve, a model for determining the optimal balance between tax revenues and economic growth.

Dr Laffer observes the major nations of the world as declining into a sclerotic senescence economically.

BUT...he sees a way for us to reverse that plight, on a timeline that could be much faster than many imagine is possible.

The key question is: Will we have the conviction, courage and commitment to embrace the necessary reforms?

For an important discussion with a respected economic advisor to nearly every President since Nixon, click here or on the image below:

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Adam’s Notes: Dr Art Laffer (recorded 4.29.24)

Executive Summary:

• Dr Laffer evaluates the current state of the global economy through the lens of the "5 kingdoms of macroeconomics," which encompass taxation, government spending, monetary policy, regulatory policy, and international trade. He frames his assessment within the context of a period of global economic decline/senescence since the 1990s, citing indicators such as declining growth rates and economic struggles in various countries.

  • Taxation: Dr Laffer advocates for a low-rate, broad-based flat tax system to encourage hard work, minimize tax evasion and provide stability. He believes the current tax system is taxing “too much”, leading to poorer outcomes.

  • Government Spending: While acknowledging the necessity of government involvement in areas like infrastructure and defense, he argues that